Did You Know

This Money Challenge Will Help You Save Over $1,300 A Year

<div><p>There's a 52-week Money Challenge that's been floating around the web for some time now and guess what? It really works! </p><p>The savings plan was created by <a href="https://www.facebook.com/groups/Kassondras52WeekMoneyChallenge/345464285561842/?notif_t=group_activity">Kassondra Perry-Moreland</a> after she grew tired of working over 50 hours a week as a 911 dispatcher without any savings. </p><p>If you find yourself in a similar situation or you simply want to put money aside for a rainy day fund, special purchase or trip then this challenge can help you reach your goal without any complications and intimidating financial jargons. </p><p>Heck, you don't even need a savings account for this, a jar will do just fine.</p><p>The concept of the challenge is super easy! You start by saving $1 the first week then you'll increase the amount by a dollar for each week thereafter ($2 in Week 2, $3 in Week 3, etc) until you reach Week 52. </p><div><figure><amp-img src="https://www.shared.com/content/images/2017/03/Savings-Calendar.jpg" srcset="https://www.shared.com/content/images/2017/03/Savings-Calendar_GH_content_550px.jpg 550w, https://www.shared.com/content/images/2017/03/Savings-Calendar_GH_content_650px.jpg 650w, https://www.shared.com/content/images/2017/03/Savings-Calendar_GH_content_750px.jpg 750w" sizes="89vw" title="" alt="" height="9" width="16" layout="responsive"></amp-img></figure></div><p>Your final deposit of $52 will bring your total savings up to <strong><strong>*drumroll*</strong></strong> $1,378! What's great about this plan is that it is very adaptable, unlike other rigid savings plans which generally require you to make fixed lump sum deposits in a bank account. &nbsp;</p><p><!-- [invalid-shortcode] --></p><p>You can tailor the challenge to fit your budget and goals, for instance, you can do it in <a href="http://freshmommyblog.com/wp-content/uploads/2014/12/Reverse-52-week-money-challenge.jpg">reverse</a>, where you start by making bigger savings then gradually decreasing amount ($52 the first week, $51 the second and so on) or you can try <a href="http://www.savingadvice.com/articles/wp-content/uploads/2014/01/52-week-double-money-challenge.pdf">doubling</a> the weekly amount ($2 the first week, $4 the second, $6 the third, etc) which will add up to a $2,756 total at the end of the year. Pretty sweet, right?</p><p>Give it a try and let us know how it goes.</p><p></p></div>

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